With sales prices beginning to rise now is the time to consider expanding your letting portfolio. Properties bought now could well be worth more than their purchase prices in just a few years unlike purchases in the past where little or no increase in value was added to portfolio.
Speak to a quality letting agent who can advise you of the return for your money. Ask about rental prices. Quality letting agents can demonstrate how rental prices have increased over the last year and why buying in certain areas will return you a steady profit. Not all areas have supply meeting demand. In fact often supply is well below demand and the agent can show you how your property will be more attractive to tenants thus gaining higher rentals than many others